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Dec 26, 2012
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now, sandy was another issue. 16% of consumers in the northeast said that sandy impacted them. so that is a significant fark tor. the other issue is, luxury was impacted because this year corporate america held fewer christmas parties than in the past, because they didn't want to be able to broadcast their largess and all their activities. keep in mind, 40% of retailers driven by the corporate christmas parties, when they were cut back, it affected the shoppers who were buying the holiday dresses and jewelry. >> so is this -- i mean, if you're looking for the true source of pain here, brit, in the trade, is it discounters? is it luxury? where are we going to notice this miss the most? >> well, what happened this year is, before the season started, 74% of consumers said they were redig to avoid their credit cards as much as possible. so when you look at the winners this christmas, you look at walmart, you look at sam's, you look at big lots, you look at amazon, and look at the people that really did well this christmas, you know, and dollar tree, think about that. you've got a d
now, sandy was another issue. 16% of consumers in the northeast said that sandy impacted them. so that is a significant fark tor. the other issue is, luxury was impacted because this year corporate america held fewer christmas parties than in the past, because they didn't want to be able to broadcast their largess and all their activities. keep in mind, 40% of retailers driven by the corporate christmas parties, when they were cut back, it affected the shoppers who were buying the holiday...
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Dec 7, 2012
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you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
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Dec 5, 2012
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the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at
the blame goes to superstorm sandy. goldman says the party is officially over for gold. >> starbucks at an investors conference will add 1,500 stores in the u.s. over the next five years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal....
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Dec 3, 2012
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how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's where you have to look, to see what the trend was beforehand. >> okay. now europe. you know, there was a little bit of a -- a confusion this morning when spain asked for a bailout. they're talking bank bailout, country bailout, new program. rates are down. i've seen many stories, if this is really going to be a positive rates being down, we have to really draw in more global investors. do you think that will happen ultimately? >> ultimately, i do think it will. any time europe gets pushed to the background, i'm kind of pleased. as long as their banking system isn't going to affect ours, i think we can
how much is blamed on sandy when it shouldn't? >> everything blamed on sandy. that's going to work for a while. once you dig into the details, wait a minute, this isn't all sandy. because the east coast is a very big part of the -- >> obviously oh, yes. >> the economy. >> everybody who has gone through sandy. >> chicago is a big part, texas, california, they weren't affected directly by sandy. so that will come back much quicker if it's going to come back. that's...
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Dec 27, 2012
12/12
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you have sandy. the weather hasn't been cooperating. so, there's some real consumer downturn as well. >> and what are you able to tell us about the decisions that your clients are making with you? you are trading leases all the time, presumably, all the big, high-street names. is there optimism? what are the leases you are signing at the moment, higher than lower than perhaps we had six months or a year ago? >> the national retailers continue to be very optimistic about the next couple of years. we are in a recovery, not with sa standing that the fiscal cliff. i think most of the national retailers continue to be optimistic about where they are going the next couple of years. lots of leases are being signed. store counts are being expanded. the retailers, in general, have stronger balance sheets and they are ready to grow again. hopefully, this will be just a temporary pause in terms of the fiscal situation. >> hey, david, i'm curious you when we are sitting here and just after the christmas holiday, what data point do you look to give
you have sandy. the weather hasn't been cooperating. so, there's some real consumer downturn as well. >> and what are you able to tell us about the decisions that your clients are making with you? you are trading leases all the time, presumably, all the big, high-street names. is there optimism? what are the leases you are signing at the moment, higher than lower than perhaps we had six months or a year ago? >> the national retailers continue to be very optimistic about the next...
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Dec 24, 2012
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sandy certainly had an impact. we're talking about 5 to $10 million. in the case of priceline, we're looking for 25% to 30% growth. very strong. we're seeing issues more on the hotel side of the coverage, say marriott or starwood. we're seeing relatively cautious tone in terms of corporate travel demand. >> how does -- let's say the likes of a marriott or starwood, let's say they discount their rooms. how does that impact the margins over a priceline or expedia? do they impact them at all so only the hotel stocks feel that? >> it does impact them. they take the rate and get paid a percentage off the top. expedia, priceline, isn't setting the rate. ultimately it would be a good thing if you have demand stepping up because you see discounting in the channel. oftentimes the leader traveler is going to benefit if there's weak corporate demand because the big chains will discount to fill in the rooms with the leisure traveler. >> jay, we talk about the fiscal cliff impact and nobody knows how that story's going to turn out. if taxes do elevate in the new ye
sandy certainly had an impact. we're talking about 5 to $10 million. in the case of priceline, we're looking for 25% to 30% growth. very strong. we're seeing issues more on the hotel side of the coverage, say marriott or starwood. we're seeing relatively cautious tone in terms of corporate travel demand. >> how does -- let's say the likes of a marriott or starwood, let's say they discount their rooms. how does that impact the margins over a priceline or expedia? do they impact them at all...
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Dec 17, 2012
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minimal impact from hurricane sandy. so they upgraded the airline stocks today. the coal stocks up, too, on talk over in barron's that coal would be in much higher demand over in china. guys, back to you. >> thank you, bob. >> let's go over to the bonds and dollars. how are you? >> good morning, jim. well, interest rates, once again, have trickled a bit higher. if you look at it in the context where we've been, basically held the bottom of the range. the pivot, 1.60. we talked quite a bit about how 160 was an important level. we have built on that as we've distanced ourselves, a dozen bases points above it. it's fascinating to look back towards europe. many hedge funds forsaking some of their short positions on the french fixed income market. and so their rates are moving a bit lower, as that buying comes in. but look at how the boon has such a different pattern. still a lot of anxieties in the european sector. there's going to be a lot of protests in spain, for example, today. foreign exchange, if we look at the dollar/yen, we look how quantitative easing is goi
minimal impact from hurricane sandy. so they upgraded the airline stocks today. the coal stocks up, too, on talk over in barron's that coal would be in much higher demand over in china. guys, back to you. >> thank you, bob. >> let's go over to the bonds and dollars. how are you? >> good morning, jim. well, interest rates, once again, have trickled a bit higher. if you look at it in the context where we've been, basically held the bottom of the range. the pivot, 1.60. we talked...
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Dec 19, 2012
12/12
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impact of hurricane sandy at 11 cents a share for the quarter. revenues above forecast and largely short of estimates. its full year forecast comes in the current range of street estimates. the core express business, guys, their words, persistence weakness, down 33%. >> fedex ground fraet -- this is another one of these bad news/good news stories. if you read the headline, you say this is horrendous. but if you think the world's coming back, i mean, they talk about asia not being good. but wait a second, if asia comes back, look at the chinese market. if it comes back, maybe this is the play, and oil is stable. i find that many stories that look bad in a world that was declining suddenly are good. >> the other thing to keep in mind is they outline the sandy impact is 11 cents per quarter. if you back that out, it's still tops of the forecast they gave back in september. internally it was a beat, if you take out the impact of sandy. so that also can be construed as good news, or maybe not as bad as the headline number might appear at least. >> ver
impact of hurricane sandy at 11 cents a share for the quarter. revenues above forecast and largely short of estimates. its full year forecast comes in the current range of street estimates. the core express business, guys, their words, persistence weakness, down 33%. >> fedex ground fraet -- this is another one of these bad news/good news stories. if you read the headline, you say this is horrendous. but if you think the world's coming back, i mean, they talk about asia not being good....
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Dec 4, 2012
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amazon is just a winner here particularly in sandy. i regard google as making a comeback. i think that when you look at what -- apple fears google. google is going to do better going forward. look at facebook by the way. they figured out things. i'm not going to be -- i'm looking at stocks that once we go over the cliff bounce back and if we don't go over the cliff are where a lot of money is going. >> where does ulta, are these tier 2 names? >> ulta is -- david and i joke about this. it's the growth stock -- key to this market. gilliad has been great. same with ulta. you may laugh at ulta. i won't finish my sentence. >> i may. >> this double the store thing is what whole foods says. any time you can double stores, growth guys just love it. >> we're told there's no concern if we go over the fiscal cliff that that will result in some sort of a chill in the housing recovery offer the housing market. this harvard study that bob toll cited, 1.8 to 2.8 million households fewer since 2007 were formed and that's playing catchup. we should have the formation of those households un
amazon is just a winner here particularly in sandy. i regard google as making a comeback. i think that when you look at what -- apple fears google. google is going to do better going forward. look at facebook by the way. they figured out things. i'm not going to be -- i'm looking at stocks that once we go over the cliff bounce back and if we don't go over the cliff are where a lot of money is going. >> where does ulta, are these tier 2 names? >> ulta is -- david and i joke about...
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Dec 10, 2012
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i'm worried about the sandy. you've got to keep interest in the end. insurance companies, got to keep capital free. >> i wanted to mention, we mentioned this on friday, the chinese have been aggressive, setting records in terms of merger and acquisition volume. we talked about this on friday, take a look across the borders from china, that helps the story. that $15 billion deal did get approved from the canadian government. they do own some assets in the gulf of mexico. although that is not expected to be problematic at this point. but take a look at what happened in the stocks on friday. that, after we received word there would be a statement from the canadian prime minister. that freaked a lot of risk arms out. did not have a lot of conviction here. thinking, why is it going to come out with a statement if they're approving the deal. you come out and say something if you weren't. but they did come out with a statement and indicated perhaps we won't see any more of these large deals. comp stock is up, as you might expect. >> you heard this deal will b
i'm worried about the sandy. you've got to keep interest in the end. insurance companies, got to keep capital free. >> i wanted to mention, we mentioned this on friday, the chinese have been aggressive, setting records in terms of merger and acquisition volume. we talked about this on friday, take a look across the borders from china, that helps the story. that $15 billion deal did get approved from the canadian government. they do own some assets in the gulf of mexico. although that is...
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Dec 12, 2012
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positive mentions at citi, saying the checks in october didn't have negative impacts from hurricane sandy. in fact, their sales could be double digits to the upside for that month. the stock up about 25% year-to-date. melissa, back to you. >> thank you very much, brian. coming up next, former chair of the economic advisers. glen hubbard joins us from new york city. hear why he says the fiscal cliff debate may not be about economics. >> the former governor of michigan will be here with his latest read on ceo sentiment. and how he feels about michigan now becoming a right-to-work state. more from the street when we come back. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. monarch of ma
positive mentions at citi, saying the checks in october didn't have negative impacts from hurricane sandy. in fact, their sales could be double digits to the upside for that month. the stock up about 25% year-to-date. melissa, back to you. >> thank you very much, brian. coming up next, former chair of the economic advisers. glen hubbard joins us from new york city. hear why he says the fiscal cliff debate may not be about economics. >> the former governor of michigan will be here...
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Dec 18, 2012
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the company saying as a result of the sandy hook tragedy, which they call a watershed event, that has raised the national debate on gun control at an unprecedented level, they have determined to engage in a process to a southern investment to freedom group. largest manufacturer of guns in the country. 15% of sales roughly to walmart, and about 3,000 employees, $237 million in sales as of the third quarter that ended september. just to put it in perspective for our viewers. >> that leads you to wonder what happens to some of the retailers that sell the guns, like a cabela's. cabela's results this past year seem to have been improving thanks in part to the rising gun sales. the gun manufacturers, the stocks really took off particularly after the elections. there was a notion that because obama was reelected, there would be tighter gun control regulations, and so there are a lot of people who went into the market, applied for guns, bought guns, and that really helped these stocks. but since the tragedy, the stocks have been off. you wonder whether or not investors are really questioning
the company saying as a result of the sandy hook tragedy, which they call a watershed event, that has raised the national debate on gun control at an unprecedented level, they have determined to engage in a process to a southern investment to freedom group. largest manufacturer of guns in the country. 15% of sales roughly to walmart, and about 3,000 employees, $237 million in sales as of the third quarter that ended september. just to put it in perspective for our viewers. >> that leads...
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Dec 14, 2012
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the airline says holiday bookings look strong but it estimates a cost of superstorm sandy at 15 to 20 million in operating profits for this quarter. they also planned a 300 head count reduction through attrition they say. back to you. >> all right. thank you so much. house speaker boehner met with the president at the white house for almost an hour last night but there was no immediate sign of progress in resolving the fiscal cliff deadlock. earlier in the day both sides criticized each other for a lack of progress. this was the speaker yesterday. >> republicans must solve this problem by getting the spending line down. the president wants to pretend the spending isn't the problem. that's why we don't have an agreement. >> we're joined this morning by a republican member of the house budget committee congressman mick mulvany of south carolina. congressman, good morning to you. >> hey, guys. thanks for having me. >> it's been quite a week as we watch the progress or lack of progress in these talks and now so much of the attention is being paid to the house republicans and those that ag
the airline says holiday bookings look strong but it estimates a cost of superstorm sandy at 15 to 20 million in operating profits for this quarter. they also planned a 300 head count reduction through attrition they say. back to you. >> all right. thank you so much. house speaker boehner met with the president at the white house for almost an hour last night but there was no immediate sign of progress in resolving the fiscal cliff deadlock. earlier in the day both sides criticized each...
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Dec 28, 2012
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we've got a bump from sandy. so if we could just fix that up, i think we'll be okay. >> what do you think is the market reaction if we come, you know, in on monday, and there's some sort of a mini deal? what does that do to us? >> listen, i think we'll be okay here. the first and second quarter of next year are going to be okay, cliff or not. they're going to get something together. it may be sort of a sloppy deal, just, you know, a small deal, that lead us into more negotiations -- >> but is the event a mini deal or is the mini deal a grand bargain? >> they'll come up with a mini deal. it's taken them this long to get here. how can we anticipate they'll get significant done. they'll get some sort of stopgap measure done and we'll see a little bit of stability. stop seeing all the negativity that's surrounding us. we're dead red here. >> gordon, if you recall that 2008 period, the market was going 400, 500, 600, a 60-point drop in the heat of the crisis. why is the equity market being relatively stable to that co
we've got a bump from sandy. so if we could just fix that up, i think we'll be okay. >> what do you think is the market reaction if we come, you know, in on monday, and there's some sort of a mini deal? what does that do to us? >> listen, i think we'll be okay here. the first and second quarter of next year are going to be okay, cliff or not. they're going to get something together. it may be sort of a sloppy deal, just, you know, a small deal, that lead us into more negotiations --...